seen it over the debt ceiling. i've seen it over the fiscal cliff that is just unnecessary. there needs to be a lel of pragmatism back to our politics. i give a lot of credit to the president. he's not just saying let's raise taxes. he said the obvious we in america cannot continue to spend more than we take in. it's something i don't have the luxury of as mayor doing. what i see the president doing is putting tremendous cuts on the table trillions of dollars of cuts. you just heard the chief of staff say they're willing to put $4 trillion in cuts but it has to be in a balanced way. the challenge i see right now if this happens the sequester happens, the cuts will be blunt brutal and mind as opposed to being intelligent and insightful. and it will not invest. it will stop us from investing in those critical areas in america we must invest on if we want long-term economic growth. >> schieffer: mr. mayor let me ask you one thing, frank lautenber, the long-term senator from new jersey said he will not seek reelection. you said you were thinking about it. i think you put togethe